Canadian Business Council Says NAFTA Agreement Possible this Week

Business groups in Canada say it is possible that Canada could agree to a framework deal on the North American Free Trade Agreement (NAFTA) this week, in line with a Trump administration goal.

Talks are underway between the U.S. and Canada in hopes an updated handshake agreement can be reached, after the U.S. announced an agreement with Mexico.

The CEO of Canadian American Business Council told CNBC Tuesday “I think we can get there this week,” saying there’s just a handful of issues left. Although, the talks are expected to be “harsh” and intensive.” The U.S. remains hopeful Canada can get on board quickly, but is ready to go ahead with just Mexico, for now, to avoid political pressures later.

President Trump spoke with Canadian Prime Minister Justin Trudeau Monday, and Canadian Foreign Minister Chrystia Freeland arrived in Washington, D.C. Tuesday for continued trade talks.